Skymark Airlines Co. Ltd

Japan's Skymark reported a significant loss for its June quarter, although the carrier is maintaining its projection of a full-year profit.

Skymark Airlines has announced an order for six Boeing 737-8s, boosting its MAX orderbook as it looks to replace its current Boeing narrowbody fleet.

Japanese carrier Skymark Airlines is continuing to benefit from strong domestic demand, although this was not enough to fully offset the carrier’s rising costs.

The Y18 billion ($145 million) plan will see current shareholder Integral Corporation hold a 50.1 per cent stake in the low-cost carrier, with UDS Airlines Investment – a joint venture between SMBC and Development Bank of Japan –holding a 33.4 per cent shareholding and ANA a 16.5 per cent stake.